MALVERN, Pa. - Ecovyst Inc. (NYSE: ECVT), a global provider of advanced materials and specialty catalysts, announced the expansion of its Board of Directors from eight to nine members with the appointment of Sarah Lorance, effective March 1, 2024. Concurrently, the Board has nominated Don Althoff for election at the company's annual stockholders meeting on May 8, 2024.
The appointment of Lorance and the nomination of Althoff follow the upcoming retirement of director Kyle Vann, who will not seek reelection. Ecovyst's Chairman, Kevin M. Fogarty, expressed his pleasure in welcoming Lorance to the Board and congratulated Althoff on his nomination, highlighting the diversity in experience and critical perspectives they are expected to bring.
Sarah Lorance brings over two decades of business expertise, notably in finance, mergers and acquisitions, risk management, and compliance. Her recent roles include Owner and Executive Consultant at Autumn Advisors, LLC, and Chief Compliance Officer at Elevance Health, Inc. Lorance also holds several board positions, including the Alzheimer's Association and VSP Vision.
Don Althoff has a 40-year background in the chemical and energy sectors, with past leadership roles at Veresen Midstream LP and Veresen Inc. His experience is anticipated to offer valuable guidance to Ecovyst's Board.
CEO Kurt J. Bitting remarked on the progress stemming from the Board's deliberate refreshment and expressed confidence in the business acumen of both Lorance and Althoff. Bitting also acknowledged the contributions of the departing Kyle Vann, who has been with Ecovyst since 2014.
Ecovyst, with its strategic network of manufacturing facilities, supports global customers in sustainability efforts predominantly through inorganic products and services. Its specialty businesses, Ecoservices and Advanced Materials & Catalysts, offer products and services ranging from sulfuric acid recycling and virgin sulfuric acid production to the supply of silica catalysts and specialty zeolites.
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